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#Gold & #Silver Down… During War Headlines?
Isn’t the textbook reaction a flight to safety?
When fear rises, capital usually rotates into hard assets.
But markets don’t move on headlines , they move on positioning and liquidity.
If Gold and Silver are not rallying, ask yourself:
Who is selling?
Who is raising cash?
What does the bond market know?
Structure > Noise.
ONLY FEW 🧠